Franklin Street Properties Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Franklin Street Properties Corp. (FSP), a real estate investment trust, reported fourth-quarter net income of $6.6 million or $0.07 per share, compared to $5.5 million or $0.07 per share, prior year. Earnings per share from continuing operations was $0.04, compared to $0.07, previous year. Funds from operations was $29.2 million or $0.29 per share, for the fourth quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $63.02 million, from $43.11 million, prior year. Analysts expected revenue of $58.09 million for the quarter.

The company expects its full year FFO for 2014 in the range of $1.08 to $1.12 per share. Analysts expect the company to report full year 2014 profit per share of $1.11.